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IBRC & High Profile Persons (HPPs)

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    #2
    washman3
    Registered Users Posts: 3,646 ✭✭✭washman3


    Banana Republic. Rotten to the core from the top down, aided and abetted by the state run tv/radio station. Depressing stuff to read. And the common denominator yet again is Fianna Fail.


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    #3
    micosoft
    Registered Users Posts: 2,364 ✭✭✭micosoft


    Hokey poke wrote: »
    http://www.independent.ie/irish-news/rte-stars-judges-and-rugby-elite-who-owe-anglo-millions-29887499.html

    Scandalous stuff.

    Will these people ever be named?

    Whats scandalous about it? Are you OK with your bank publishing your transactions/loans to the public? This is a non story.


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    #4
    No Pants
    Closed Accounts Posts: 3,347 ✭✭✭No Pants


    micosoft wrote: »
    Whats scandalous about it?
    Did these people benefit?


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    #5
    micosoft
    Registered Users Posts: 2,364 ✭✭✭micosoft


    No Pants wrote: »
    Did these people benefit?

    Benefit from what? That their private banking information was not released? No suggestion in the article of any conceivable "benefit". In fact, it is the law that personal financial details of these individuals be released without cause. Merely banking with a registered Irish Bank is not cause. Again, this is a non story for the Joe Duffy society.


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    #6
    Hokey poke
    Registered Users Posts: 38 ✭Hokey poke


    That a number of property syndicates that have failed to repay a bank which the taxpayers have bailed out? Do you not find it a little unsavoury that these individuals don't seem to be liable for what they owe?


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    #7
    micosoft
    Registered Users Posts: 2,364 ✭✭✭micosoft


    Hokey poke wrote: »
    That a number of property syndicates that have failed to repay a bank which the taxpayers have bailed out? Do you not find it a little unsavoury that these individuals don't seem to be liable for what they owe?

    Did you read the article? The closest the article gets to your point is:
    Many of the loans were performing -- where interest or capital was being repaid -- at the time the bank was liquidated.

    But other loans were impaired and some debtors could not agree a repayment strategy with the lender.

    That's it.

    I also don't see where individuals are not being made liable for their debt?

    Some are not paying because they don't have money.

    So where is the scandal?


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    #8
    Dannyboy83
    Registered Users Posts: 4,236 ✭✭✭Dannyboy83


    micosoft wrote: »
    Whats scandalous about it? Are you OK with your bank publishing your transactions/loans to the public? This is a non story.

    I was under the impression that there was a precedent here with stubbs gazette/bankruptcy, but perhaps that applies to personal insolvency only.


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    #9
    Dannyboy83
    Registered Users Posts: 4,236 ✭✭✭Dannyboy83


    But other loans were impaired and some debtors could not agree a repayment strategy with the lender.

    The list of names included a series of property syndicates which included judges, barristers, solicitors, surgeons and other professionals.

    This whole thing is over my head really, but why would IBRC not ask the courts for a judgement against these people above, as it was with the individuals below, if they "could not agree a repayment strategy with the lender"?
    There were 115 judgments registered and the single biggest judgment was registered "jointly and severally" for €3.2m against William Ryan, Mount Tabor, Cashel, County Tipperary, Dermot Delany, 7, Cluain Orga, Cashel, County Tipperary, and William Carroll, Shoreside, Cullenagh, Ballina, County Tipperary. The creditor in this case was the Anglo Irish Bank Corporation Ltd., Dublin.


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    #10
    micosoft
    Registered Users Posts: 2,364 ✭✭✭micosoft


    Dannyboy83 wrote: »
    I was under the impression that there was a precedent here with stubbs gazette/bankruptcy, but perhaps that applies to personal insolvency only.

    Absolutely right - after due process then there is an expectation that judgement will be held and a persons financial reputation and status posted. But not just because they happen to bank with what was Anglo Irish. But there is very little evidence of this in the article - in fact it says most are paying their debt or interest at least in compliance with the agreement they undertook. If it were to say that IBRC were not pursuing people because they were well known that would be a different matter but it does not. It's another badly written Independent article that gives no real insight and in fact impugns people simply because they have a banking relationship with what was Anglo Irish Bank. There are actual scandals going on that are of greater import - ownership of Irish Media being one of them.


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